Difference between C.I. and S.I. is 45000 on a principal P. Rate is 12% p.a. and Time is 5 years.
Find the principal when interest is compounded annually
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SI=PRT/100
=45000*12*5/100
=2700
for CI,
A=P(1+R/100)^T
=45000(1+12/100)^5
after finding A
CI=A-P
thetefore,
difference=CI-SI
as514113:
thanks but the difference is already given
we have to find the Principal amount
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